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20110701
20110731
Search Results 0 to 5 of about 6 (some duplicates have been removed)
strike the big deal. again, president obama will be speaking the that this morning at about 11:00 eastern time. the man in charge of the country's finances, adding his voice to the debt debate yesterday, treasury secretary tim geithner stressed the urgency of reaching a compromise during a news conference on capitol hill. >> we looked at all available options and we have no way to give congress more time to solve this problem. we're running out of time. the eyes of the country are on us. the eyes of the world are on us. we need to make sure we stand together and send a definitive signal that we're going to take the steps necessary to avoid default and also take advantage of this opportunity to make some progress in dealing with our long-term fiscal problems. we don't have much time. it's time we move. >> secretary guider in's warning comes as a second agency now says the u.s. credit rating could take a hit due to the debt ceiling impasse. >>> let's get an early look at the markets as we get up in your business. cnbc's jeff cutmore is live in london. >> as you imagine, much of the market r
or not the italian banks have enough cash on their balance sheets. we've seen quite a big turn-around in the market. many stocks opening lower by as much as 5% to 10% and now trading in positive territory after the finance minister, the economy minister is heading back to rome from brussels and will be looking at the austerity measures and pushing them through. >> we know yesterday the dow down 151 points, the biggest drop in over a month. thanks so much for bringing us up to speed, we appreciate it. >>> else where, hundreds of syrian government protesters stormed the u.s. and french embassies in damascus, the protesters smashing windows and spray-painting walls with obscenities aimed at the american ambassador. guards at the french embassy fired into the air to ward off the demonstrators there. some warning shots. the violence and tension follow as visit by the american and french ambassadors to the city of hama, stronghold of opposition to the president. during a joint press conference at the state department, secretary of state hillary clinton warned assad about inciting future attacks. >> presi
that here. i believe that right now we've got a unique opportunity to do something big, to tackle our deficit in a way that forces our government to meet within its means, that puts our economy on a stronger footing for the future and still allows us to invest in that future. it's my hope that everybody's going to leave their ultimatums at the door, that we'll all leave our political rhetoric at the door, and that we're going to do what's best for our economy and do what's best for our people. >> less than an hour after the president's invitation, house speaker john boehner dismissed the proposed discussions saying a deal will not pass in the house if it includes tax increases. in a statement boehner said in part, i'm happy to discuss these issues at the white house, but such discussions will be fruitless until the president recognizes economic and legislative reality. house majority leader eric cantor seemed to leave a little wriggle room in regard to keeping tax loopholes on the table. he said, house republicans are not objecting to this loophole or that. we oppose raising taxes on
the bigger the government, the smaller the people. and right now, we've got a government so big and so expensive it's sapping the drive out of our people. and keeping our economy from running at full capacity. the solution to this crisis is not complicated. if you're spending more money than you're taking in, you need to spend less of it. >> the speaker also accused president obama of standing in the way of a bipartisan agreement. reiterating his claim that the house plan is the best option to cut the deficit. >> before we even pass the bill in the house, the president said he would veto it. i want you to know i made a sincere effort to work with the president. to identify a path forward that would implement the principles of cut, cap and balance, in a manner that could secure bipartisan support and be signed into law. and i'll tell you, gave it my all. unfortunately, the president would not take yes for an answer. even when we thought we might be close to an agreement, the president's demands changed. >> and the speaker called the plan put forth wi majority leader, harry reid, quote f
zayed was the most tense meeting yet, with the big sparks coming from president obama and house majority leader eric cantor. there was a push for the short term increase to the debt limit. the president refused to agree to that. the president said, i have reached the point where i say enough. would ronald reagan be sitting here? i've reached my limit. this may bring my presidency down, but i will not yield on this. that a quote from the president as characterized by a republican aide. aides say cantor interrupted the president three different times during the meeting, and the president finally said, don't call my bluff. i'm going to the american people on this. speaking to reporters after the meeting, cantor said the president lost his temper and abruptly walked off. eric cantor accusing the president of storming out of the meeting. but democratic officials dispute cantor's account. this is a he said/she said of this meeting. the group will reconvene at the white house to discuss taxes. the obama administration is expected to present its plan for more revenue in order to meet the $2.4 tr
Search Results 0 to 5 of about 6 (some duplicates have been removed)

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